International Reserves in Belarus
Belarus - International ReservesWeak economic conditions persisted into the third quarter, as suggested by overall activity in January–September. Retail sales growth decelerated throughout Q3, averaging lower than the second quarter, suggesting household consumption softened in the quarter. On a more positive note, however, the external sector appears to have dragged less on growth, as the contraction of merchandise exports eased in the first two months of the quarter. Furthermore, industrial activity returned to growth in Q3, while agricultural output picked up at the beginning of the quarter. Meanwhile, on the political front, Belarus’ Foreign Minister Vladimir Makei recently lashed out at Russia’s terms for integration. The episode underlines tensions between the two countries, which plan to form an economic confederacy in the next two years.
Belarus - International Reserves Data
|International Reserves (EUR)||4.8||4.2||3.8||4.7||6.1|
5 years of economic forecasts for more than 30 economic indicators.
Belarus International Reserves Chart
|Exchange Rate||2.11||-0.36 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
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November 6, 2019
At its 6 November meeting, the National Bank of the Republic of Belarus (NBRB) cut the refinancing rate by 50 basis point to a record low of 9.00%.
October 17, 2019
Industrial production grew 0.7% on an annual basis in September, half August’s 1.4% expansion.
October 14, 2019
Consumer prices rose 0.5% over the previous month in September, contrasting the 0.2% month-on-month drop in August.
September 27, 2019
According to a second release by Belarus’ Statistical Institute (Belstat), the economy expanded 0.5% year-on-year in the second quarter, down from Q1’s 1.3% increase and marking the slowest expansion since Q1 2017.
September 17, 2019
The industrial sector lost steam in August amid substantial external headwinds.